Investors who are worried about the potential negative effects of rising rates on the equity side of their investment portfolio may look to a targeted ETF strategy.

“Most advisors only think about their bond exposure in the context of rising rates. We think you’ve got equity as well, so we built a product designed to outperform as rates rise,” Kieran Kirwan, Director of Investment Strategies for ProShares, said at the 2018 Morningstar Investment Conference.

Specifically, the ProShares Equities for Rising Rates ETF (NasdaqGM: EQRR) was the first U.S. stock ETF designed to outperform traditional large-cap indices, like the S&P 500, when interest rates rise.

EQRR tries to reflect the performance of the Nasdaq U.S. Large-Cap Equities for Rising Rates Index, which selects 50 components from a universe of the 500 largest companies based on market capitalization listed on the U.S. exchange that have historically outperformed during periods of rising interest rates.